Tag: FinTech

The modern world has experienced an outburst of blockchain events recently. The hyping popularity of this technology has provided rich ground for fostering new business models and applications of it. The challenge that all ideators seem to face sooner or later is how to implement their ideas on the canvas of governmental and legal aspects. LSBC has met with one of the experts in the area of the blockchain – Marco Houwen, one of the leaders of Infrachain.

Daimler Financial Services AG announced today that it is acquiring the electronic payment services provider PayCash Europe SA. By gaining a foothold in the ePayment business, Daimler AG will be launching its own electronic payment services provider under the “Mercedes pay” brand name.

Blockchain is a distributed ledger which maintains all transactions and assets and is updated by a number of counterparties. Financial institutions are investing in the technology – in what is hoped – to automate processes and remove “human” errors. This may help towards lowering transactional and operational costs by releasing the finance sector from its legacy systems.

Erik Jacquemart is responsible for monitoring the strategic plan at ING Luxembourg and as such, he is also the “Chief Innovation Officer”. How does a bank with 35 million customers and operations in 40 countries manage to remain at the forefront of technology? What can an accelerator program such as ING FinTech Village bring to the bank?

Prime Minister of Luxembourg and Minister for Culture, Media and Communications, Xavier Bettel made a special announcement on November 23rd: the launch of the Infrachain initiative. The Digital Lëtzebuerg team and the project lead have signed a memorandum of understanding between 5 public and private partners to begin work immediately on a national blockchain infrastructure project.

The financial services industry is facing a wave of digital disruption that is starting to reshape the sector. The Fintech 100 celebrates the top companies this bold new space: the 50 leading established players creating change within financial services, and 50 of the emerging fintech stars of tomorrow.